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The euro/dollar rate was flat on Tuesday after German flash inflation unexpectedly eased to 1.1% in July. US PCE data showed June consumer spending up 0.3% and the PCE price index up 0.1% month on month.
Soft inflation in both regions supports further ECB easing and Fed rate cuts, which keep the euro-dollar pair range-bound. The effect on feed commodity prices is limited.
euroexchangeratenews.co.ukMillie EmpsonJul 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
